Explain how barriers to entry into a profession impact wages?

Expert Solution

Barriers to entry into a profession impact wages for sure. This barrier might be a quality check.If people are able to qualify barrier or quality check they will get mre wages and salaries.This barrier is always needed to smooth functioning of the society.Because of this quality check or barriers the organization can get good and qualifies person to work.If the worker is productive organization won't bother about the wages and salaries.Quality is very essential.If organization take without any barrier or quality check, productivity of the worker is unpredictable.some time it may lead to lose of the organization.

Rahul Sunny answered 1 year ago

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